Motorcoach

MCI finalizes Setra acquisition

Posted on July 2, 2012

Motor Coach Industries Inc. (MCI) announced the completion of its acquisition of Setra’s operations in the U.S. and Canada and the establishment of a strategic partnership with Daimler Buses.  

Through the acquisition, MCI obtains responsibility for sales and service support of Setra S 417 and Setra S 407 motor coach models; the company’s pre-owned coach inventory; the distribution of Setra and related genuine Daimler Buses parts; and the operations of Setra’s service center in Orlando, Fla.

Daimler has also assumed a minority ownership position in MCI, forming an engineering, technology and manufacturing alliance as part of the transaction. Final terms of the agreement have not been disclosed.

“This transaction strengthens MCI’s luxury motor coach offerings in the North American marketplace with the Setra brand, while establishing a strategic partnership with the world’s leading manufacturer of motorcoaches,” MCI CEO Rick Heller. “While we expect to integrate our internal operations, the strategic intent is to maintain the integrity of the MCI and Setra brands. This includes maintaining a separate new-coach sales effort. Much of the consolidation will occur in internal and support functions, and we will communicate these changes with our customers as quickly as possible.”

View comments or post a comment on this story. (0 Comments)

More News

MCI delivers J4500s to Fla., N.J.

The MCI J4500, designed with the assistance of BMW Design Works USA, is the top-selling coach in the industry, according to the company.

Man pleads guilty in 2014 Greyhound bus driver attack

Maquel Morris was arrested in January 2014 after authorities said he got out of his seat and attacked the driver of the Dallas-bound bus and tried to roll the vehicle near Tonopah, about 50 miles from Phoenix.

Crowdsourced bus co., Rally Bus partners with MLB's Rays

With the agreement, Rally Bus offers luxury bus transportation to and from the Rays’ home games at Tropicana Field and in exchange gains advertising, marketing and promotional exposure in-venue, as well as a summer-long presence on the state-wide Rays Radio Network and the team’s flagship radio station.

Study: 1.3 million will travel by bus over July 4th holiday

An estimated 1,312,905 passengers will make trips of 50 miles or more by bus, surpassing all previous Fourth of July holidays over the past 10 years.

Canadian Megabus crash injures 23

Ontario police is investigating the accident and hasn’t made any determination on what caused the crash yet.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close